CURNET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CURNET
Largest movements
- Receivables within one year -€98,457
down €98,457 (-32.4%), from €303,723 to €205,266
of which Trade receivables: -€97,375
- Cash +€42,721
up €42,721 (+189%), from €22,567 to €65,288
mainly Receivables within one year (+€98,457) and Other debts (+€24,157)
- Tangible fixed assets -€10,097
down €10,097 (-3.4%), from €296,103 to €286,006
of which Furniture and vehicles: -€15,751
- Trade debts -€71,058
down €71,058 (-79.8%), from €89,084 to €18,026
- Debts after one year -€44,967
down €44,967 (-15.5%), from €290,663 to €245,696
- Other debts +€24,157
up €24,157 (+89.9%), from €26,871 to €51,029
- Current portion of long-term debt +€20,256
up €20,256 (+74.1%), from €27,345 to €47,600
- Profit (loss) carried forward +€6,474
up €6,474 (+4.6%), from €140,981 to €147,455
- Gross operating margin -€74,640
down €74,640 (-31.6%), from €235,974 to €161,334
- Depreciation -€55,232
down €55,232 (-84.5%), from €65,328 to €10,097
- Staff costs -€26,574
down €26,574 (-17.1%), from €155,666 to €129,091
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,136 | €558,302 | -€65,833 | -10.5% |
| Fixed assets | 21/28 | €297,845 | €287,749 | -€10,097 | -3.4% |
| Tangible fixed assets | 22/27 | €296,103 | €286,006 | -€10,097 | -3.4% |
| Land and buildings | 22 | €232,352 | €223,300 | -€9,053 | -3.9% |
| Plant, machinery and equipment | 23 | €26,161 | €40,868 | +€14,707 | +56.2% |
| Furniture and vehicles | 24 | €37,589 | €21,838 | -€15,751 | -41.9% |
| Financial fixed assets | 28 | €1,742 | €1,742 | = | 0.0% |
| Current assets | 29/58 | €326,290 | €270,554 | -€55,737 | -17.1% |
| Amounts receivable within one year | 40/41 | €303,723 | €205,266 | -€98,457 | -32.4% |
| Trade receivables | 40 | €302,640 | €205,266 | -€97,375 | -32.2% |
| Other amounts receivable | 41 | €1,083 | - | -€1,083 | |
| Cash at bank and in hand | 54/58 | €22,567 | €65,288 | +€42,721 | +189% |
| Total equity and liabilities | 10/49 | €624,136 | €558,302 | -€65,833 | -10.5% |
| Equity | 10/15 | €184,919 | €191,393 | +€6,474 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,338 | €25,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,477 | €21,477 | = | 0.0% |
| Distributable reserves | 133 | €2,001 | €2,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,981 | €147,455 | +€6,474 | +4.6% |
| Amounts payable | 17/49 | €439,217 | €366,910 | -€72,307 | -16.5% |
| Amounts payable after more than one year | 17 | €290,663 | €245,696 | -€44,967 | -15.5% |
| Financial debts | 170/4 | €290,663 | €245,696 | -€44,967 | -15.5% |
| Amounts payable within one year | 42/48 | €145,873 | €121,213 | -€24,660 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €27,345 | €47,600 | +€20,256 | +74.1% |
| Trade debts | 44 | €89,084 | €18,026 | -€71,058 | -79.8% |
| Suppliers | 440/4 | €89,084 | €18,026 | -€71,058 | -79.8% |
| Taxes, remuneration and social security | 45 | €2,573 | €4,558 | +€1,985 | +77.1% |
| Taxes | 450/3 | €2,573 | €4,558 | +€1,985 | +77.1% |
| Other amounts payable | 47/48 | €26,871 | €51,029 | +€24,157 | +89.9% |
| Accrued charges and deferred income | 492/3 | €2,680 | - | -€2,680 | |
| Remuneration, social security and pensions | 62 | €155,666 | €129,091 | -€26,574 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,328 | €10,097 | -€55,232 | -84.5% |
| Other operating charges | 640/8 | €4,654 | €5,909 | +€1,254 | +27.0% |
| Gross operating margin | 9900 | €235,974 | €161,334 | -€74,640 | -31.6% |
| Operating profit (loss) | 9901 | €10,326 | €16,237 | +€5,911 | +57.2% |
| Financial income | 75/76B | €3 | €1,701 | +€1,698 | +57,943% |
| Recurring financial income | 75 | €3 | €1,701 | +€1,698 | +57,943% |
| Financial charges | 65/66B | €9,811 | €11,464 | +€1,653 | +16.8% |
| Recurring financial charges | 65 | €9,811 | €11,464 | +€1,653 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €518 | €6,474 | +€5,956 | +1,151% |
| Income taxes | 67/77 | €2,135 | - | -€2,135 | |
| Profit (loss) for the period | 9904 | -€1,617 | €6,474 | +€8,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,617 | €6,474 | +€8,091 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.